Yes they are cutting it fine but they are well aware of that and the OT arrangement which is the first cab off the rank, is likely aimed at solving that particular issue with a pre payed offtake...we will have to wait and see.
AGY's cash burn is relatively light and what they have should see them through to the end of April if not longer. In the end if they need a top up so be it.
"The Company is also cognisant of immediate funding requirements for the ongoing day-to-day operations and will consider these funding options in light of the broader discussions with potential strategic and interested parties to ensure continued progression with project development."
"Independently, the Company is moving toward closing an off-take arrangement for Stage 1 product with a Japanese group. Most items for such have been resolved and the parties are near to finalising."
That was 7 days ago so we are even nearer finalising...
Cheers Whisky
AGY Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
